International Bancshares Financials

IBOC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 53/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

International Bancshares's revenue grew 8.2% year-over-year to $866.0M, a solid pace of expansion. This earns a growth score of 52/100.

Leverage

International Bancshares has elevated debt relative to equity (D/E of 4.63), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

International Bancshares converts 53.1% of revenue into free cash flow ($459.8M). This strong cash generation earns a score of 100/100.

Returns

International Bancshares's ROE of 14.6% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 16.8% the prior year.

Piotroski F-Score Neutral

4/9

International Bancshares passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.16x

For every $1 of reported earnings, International Bancshares generates $1.16 in operating cash flow ($473.9M OCF vs $409.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows International Bancshares (IBOC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$866.0M

YoY+8.2%

5Y CAGR+12.0%

10Y CAGR+8.2%

International Bancshares generated $866.0M in revenue in fiscal year 2024. This represents an increase of 8.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$459.8M

YoY+2.9%

5Y CAGR+10.3%

10Y CAGR+12.4%

International Bancshares generated $459.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.9% from the prior year.

Net Income

$409.2M

YoY-0.6%

5Y CAGR+14.8%

10Y CAGR+10.3%

International Bancshares reported $409.2M in net income in fiscal year 2024. This represents a decrease of 0.6% from the prior year.

EPS (Diluted)

$6.57

YoY-0.8%

5Y CAGR+16.1%

10Y CAGR+11.2%

International Bancshares earned $6.57 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 0.8% from the prior year.

Cash & Debt

$352.7M

YoY-45.8%

5Y CAGR+6.5%

10Y CAGR+3.3%

International Bancshares held $352.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.32

YoY+4.8%

5Y CAGR+4.7%

10Y CAGR+11.9%

International Bancshares paid $1.32 per share in dividends in fiscal year 2024. This represents an increase of 4.8% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

47.3%

YoY-4.2pp

5Y CAGR+5.6pp

10Y CAGR+8.3pp

International Bancshares's net profit margin was 47.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.2 percentage points from the prior year.

Return on Equity

14.6%

YoY-2.2pp

5Y CAGR+5.0pp

10Y CAGR+4.9pp

International Bancshares's ROE was 14.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$963K

YoY-79.1%

5Y CAGR-44.2%

10Y CAGR-25.8%

International Bancshares spent $963K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 79.1% from the prior year.

Capital Expenditures

$14.1M

YoY-48.6%

5Y CAGR-13.7%

10Y CAGR-11.9%

International Bancshares invested $14.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 48.6% from the prior year.

IBOC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$866.0M+8.2%	$800.2M+52.2%	$525.8M+32.1%	$398.1M-6.8%	$427.0M-13.3%	$492.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$209.3M+53.1%	$136.7M+258.2%	$38.2M+42.2%	$26.8M-31.4%	$39.1M-33.3%	$58.6M
Income Tax	$99.6M-10.9%	$111.7M+35.6%	$82.4M+20.5%	$68.4M+53.9%	$44.4M-19.0%	$54.9M
Net Income	$409.2M-0.6%	$411.8M+37.1%	$300.2M+18.2%	$253.9M+51.8%	$167.3M-18.4%	$205.1M
EPS (Diluted)	$6.57-0.8%	$6.62+38.5%	$4.78+19.5%	$4.00+52.7%	$2.62-16.0%	$3.12

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$226.8M+2.6%	$221.0M+2.9%	$214.6M-0.4%	$215.6M-0.1%	$215.7M+1.7%	$212.1M+1.1%	$209.7M+2.7%	$204.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$54.5M+2.0%	$53.5M+0.1%	$53.4M-2.2%	$54.6M+6.2%	$51.4M+6.1%	$48.5M+7.3%	$45.2M+22.6%	$36.8M
Income Tax	$28.1M+8.9%	$25.8M+6.6%	$24.2M+30.5%	$18.6M-33.4%	$27.9M+7.7%	$25.9M-11.8%	$29.4M+5.7%	$27.8M
Net Income	$108.4M+8.2%	$100.1M+3.4%	$96.9M-15.8%	$115.1M+18.7%	$97.0M-0.4%	$97.3M-8.5%	$106.4M+3.0%	$103.3M
EPS (Diluted)	$1.74+8.1%	$1.61+3.2%	$1.56-15.7%	$1.85+18.6%	$1.560.0%	$1.56-8.8%	$1.71+3.0%	$1.66

IBOC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$15.7B+4.5%	$15.1B-2.8%	$15.5B-3.4%	$16.0B+14.4%	$14.0B+15.8%	$12.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$352.7M-45.8%	$651.1M-68.8%	$2.1B-34.9%	$3.2B+60.7%	$2.0B+677.7%	$256.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M
Total Liabilities	$12.9B+2.6%	$12.6B-6.2%	$13.5B-2.0%	$13.7B+15.9%	$11.9B+18.6%	$10.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.8B+14.3%	$2.4B+19.7%	$2.0B-11.4%	$2.3B+6.0%	$2.2B+2.8%	$2.1B
Retained Earnings	$3.4B+10.8%	$3.0B+12.4%	$2.7B+9.1%	$2.5B+7.9%	$2.3B+4.0%	$2.2B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$16.6B+0.5%	$16.5B+1.2%	$16.3B+3.4%	$15.7B+1.6%	$15.5B+0.9%	$15.4B+2.0%	$15.1B+1.1%	$14.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$589.3M-19.5%	$731.9M+24.2%	$589.5M+67.1%	$352.7M-55.5%	$792.2M-12.8%	$909.0M+39.6%	$651.1M-6.8%	$698.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M
Total Liabilities	$13.4B-0.1%	$13.4B+0.5%	$13.4B+3.3%	$12.9B+0.2%	$12.9B+0.3%	$12.9B+2.0%	$12.6B-0.8%	$12.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.1B+3.5%	$3.0B+4.4%	$2.9B+3.5%	$2.8B+8.5%	$2.6B+3.8%	$2.5B+1.5%	$2.4B+11.6%	$2.2B
Retained Earnings	$3.6B+1.8%	$3.5B+2.9%	$3.4B+1.6%	$3.4B+5.5%	$3.2B+3.1%	$3.1B+1.9%	$3.0B+3.6%	$2.9B

IBOC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$473.9M-0.1%	$474.4M+22.3%	$387.9M+33.0%	$291.7M-4.4%	$305.1M-2.1%	$311.6M
Capital Expenditures	$14.1M-48.6%	$27.5M+43.1%	$19.2M+84.9%	$10.4M+54.5%	$6.7M-77.3%	$29.6M
Free Cash Flow	$459.8M+2.9%	$446.9M+21.2%	$368.7M+31.1%	$281.3M-5.7%	$298.4M+5.8%	$282.0M
Investing Cash Flow	-$985.1M+7.7%	-$1.1B-7.6%	-$992.0M-8.3%	-$915.9M-166.5%	-$343.7M-8.1%	-$318.1M
Financing Cash Flow	$212.7M+125.2%	-$843.9M-63.1%	-$517.4M-128.2%	$1.8B+3.2%	$1.8B+3426.2%	-$53.5M
Dividends Paid	$82.1M+4.9%	$78.2M+3.8%	$75.4M+3.5%	$72.8M+4.2%	$69.9M+1.8%	$68.7M
Share Buybacks	$963K-79.1%	$4.6M-91.1%	$52.0M+7169.3%	$716K-98.5%	$48.9M+173.9%	$17.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$115.2M+20.6%	$95.5M-32.0%	$140.5M+22.3%	$114.9M+7.2%	$107.2M-20.8%	$135.4M+2.0%	$132.8M+16.8%	$113.7M
Capital Expenditures	$2.9M-24.1%	$3.9M-47.6%	$7.4M+548.2%	-$1.6M-170.3%	$2.3M-64.2%	$6.5M-22.3%	$8.4M-8.4%	$9.2M
Free Cash Flow	$112.2M+22.5%	$91.6M-31.1%	$133.1M+17.5%	$113.2M+8.0%	$104.9M-18.6%	$128.9M+3.6%	$124.4M+19.0%	$104.5M
Investing Cash Flow	-$193.9M-601.1%	-$27.7M+90.0%	-$275.3M+28.0%	-$382.1M-43.0%	-$267.1M-219.4%	-$83.6M+27.1%	-$114.7M+74.2%	-$445.5M
Financing Cash Flow	-$63.9M-185.6%	$74.6M-79.9%	$371.6M+332.3%	-$160.0M-470.8%	$43.1M-79.1%	$206.1M+414.3%	-$65.6M-1443.6%	$4.9M
Dividends Paid	$43.5M	$0-100.0%	$43.5M	$0	$0-100.0%	$41.0M	$0-100.0%	$39.1M
Share Buybacks	$0	N/A	N/A	$221K	$0-100.0%	$495K+299.2%	$124K+47.6%	$84K

IBOC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	47.3%-4.2pp	51.5%-5.6pp	57.1%-6.7pp	63.8%+24.6pp	39.2%-2.5pp	41.6%
Return on Equity	14.6%-2.2pp	16.8%+2.1pp	14.7%+3.7pp	11.0%+3.3pp	7.7%-2.0pp	9.7%
Return on Assets	2.6%-0.1pp	2.7%+0.8pp	1.9%+0.4pp	1.6%+0.4pp	1.2%-0.5pp	1.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.63-0.5	5.16-1.4	6.58+0.6	5.95+0.5	5.44+0.7	4.72
FCF Margin	53.1%-2.8pp	55.9%-14.3pp	70.1%-0.5pp	70.7%+0.8pp	69.9%+12.6pp	57.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	47.8%+2.5pp	45.3%+0.2pp	45.1%-8.3pp	53.4%+8.4pp	45.0%-0.9pp	45.9%-4.8pp	50.7%+0.1pp	50.6%
Return on Equity	3.5%+0.2pp	3.3%-0.0pp	3.4%-0.8pp	4.1%+0.3pp	3.8%-0.2pp	3.9%-0.4pp	4.3%-0.4pp	4.7%
Return on Assets	0.7%+0.0pp	0.6%+0.0pp	0.6%-0.1pp	0.7%+0.1pp	0.6%0.0pp	0.6%-0.1pp	0.7%+0.0pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.29-0.2	4.45-0.2	4.620.0	4.63-0.4	5.01-0.2	5.18+0.0	5.16-0.6	5.80
FCF Margin	49.5%+8.0pp	41.5%-20.5pp	62.0%+9.5pp	52.5%+3.9pp	48.6%-12.1pp	60.8%+1.5pp	59.3%+8.1pp	51.2%

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Frequently Asked Questions

What is International Bancshares's annual revenue?

International Bancshares (IBOC) reported $866.0M in total revenue for fiscal year 2024. This represents a 8.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is International Bancshares's revenue growing?

International Bancshares (IBOC) revenue grew by 8.2% year-over-year, from $800.2M to $866.0M in fiscal year 2024.

Is International Bancshares profitable?

Yes, International Bancshares (IBOC) reported a net income of $409.2M in fiscal year 2024, with a net profit margin of 47.3%.

What is International Bancshares's earnings per share (EPS)?

International Bancshares (IBOC) reported diluted earnings per share of $6.57 for fiscal year 2024. This represents a -0.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is International Bancshares's net profit margin?

International Bancshares (IBOC) had a net profit margin of 47.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does International Bancshares pay dividends?

Yes, International Bancshares (IBOC) paid $1.32 per share in dividends during fiscal year 2024.

What is International Bancshares's return on equity (ROE)?

International Bancshares (IBOC) has a return on equity of 14.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is International Bancshares's free cash flow?

International Bancshares (IBOC) generated $459.8M in free cash flow during fiscal year 2024. This represents a 2.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is International Bancshares's operating cash flow?

International Bancshares (IBOC) generated $473.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are International Bancshares's total assets?

International Bancshares (IBOC) had $15.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are International Bancshares's capital expenditures?

International Bancshares (IBOC) invested $14.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does International Bancshares buy back shares?

Yes, International Bancshares (IBOC) spent $963K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is International Bancshares's debt-to-equity ratio?

International Bancshares (IBOC) had a debt-to-equity ratio of 4.63 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is International Bancshares's return on assets (ROA)?

International Bancshares (IBOC) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is International Bancshares's Piotroski F-Score?

International Bancshares (IBOC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are International Bancshares's earnings high quality?

International Bancshares (IBOC) has an earnings quality ratio of 1.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is International Bancshares?

International Bancshares (IBOC) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.